(Bloomberg) -- European auto stocks may come under pressure on Wednesday after European Union governments proposed tougher car-emission reduction targets for 2030.
- EU environment ministers set a CO2-reduction target of 35% compared to 2021 levels, higher than the maximum 30% cut Germany had been pushing for
- READ Oct. 8: Automakers Lose Policy Clout in EU as Tougher Emission Caps Loom
- Watch European carmakers for any reaction to the new caps, including Volkswagen, BMW, Daimler, Fiat Chrysler, Renault and Peugeot
To contact the reporter on this story: Sam Unsted in London at sunsted@bloomberg.net
To contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Tom Lavell
©2018 Bloomberg L.P.
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